Situated on 9.5 acres near the international freight forwardingterminal on the east side of Houston's George Bush IntercontinentalAirport, the building is fully occupied by Forward Air, whichsigned a long-term lease for the space. It boasts a 24' clearheight with the ability for both dock high and grade levelloading.

The building was acquired in an off-market transaction,according to Adam Jackson, a senior associate with Stream RealtyPartners L.P. who represented AMB Property Corp., along with KyleValentine and Justin Robinson. Dan Zoch of The Carson Cos.represented the Newport Beach, Calif.-based buyer.

Jackson tells GlobeSt. that AMB Property Corp. initially had noplans to sell the Forward Air facility. However, the pricing TheCarson Cos. offered was very attractive. He notes that the cost ofconstruction for similar buildings would be $65 to $80 per squarefoot.